Coincheck hack reddit

Coincheck hack reddit

The exchange suffered the worst hack of any cryptocurrency exchange in history, with losses of $530 million in NEM coins surpassing the Bitcoin losses suffered at Mt. m Subscribe to MarketWatch's free Need to Know newsletter. Thank you for watching, if you have questions, proposals, feel free to contact me: @tongokongo on telegram and NEM forum or in the comment section. Coincheck, in particular, has been criticized for spending too much money on advertisement, and too little on ensuring a robust and secure system. Photo by Kira auf der Heide. 0 Shares 0 Reddit Email article LinkedIn 0 0. The loss is being called a hack but the exact cause has yet to be determined. The magnitude of the Coincheck hack, a haul which exceeds any other, can be seen by comparing it alongside real world record-breakers It is a black Friday for cryptocurrencies, the news of the hack of the Japan-based digital exchange Coincheck had a significant impact on their value. The JVCEA was formed in reaction to last January's Coincheck Coincheck users are suing to get their money off the hacked cryptocurrency exchange Taylor Hatmaker @tayhatmaker / 1 year The fallout from the year’s biggest cryptocurrency hack to date continues. Credit: Shutterstock. This is the largest after in 2014, $ 460 million in Bitcoins were also hacked. For many, getting robbed might ultimately prove to be a blessing in Cryptocurrency Hack larger than Mt Gox Puts Coincheck in Danger Anjali Tyagi January 27, 2018 Altcoin News In the greatest heist of all time, somewhere between $400 million and $534 million dollars of NEM have been stolen. With 523 million NEM coins worth $534 million approximately being stolen, Coincheck’s hack was bigger than Mt. Japan’s Financial Services Agency (FSA) plans to take administrative actions against hacked cryptocurrency exchange Coincheck after the company announced the loss of 523 million units of NEM cryptocurrency (about US$530 million) from a hack. The exchange has been slapped with two business improvement orders so far by Japan’s financial regulator and may stop trading some cryptocurrencies for safety reasons. 00 on Saturday, a mere 24 hours after a high-profile security breach of Coincheck re-directed 500 million units Coincheck, reportedly known as the most popular virtual currency exchange in Japan before its hack in January 2018, has registered with the Kanto Financial Bureau as a virtual currency exchange after its approval by the Japanese Financial Service Agency (FSA). The Financial Services Agency of Japan permitted it to run a digital currency exchange platform last Friday officially. Twitter. Coincheck, one of the biggest cryptocurrency exchanges in Japan, confirmed that it may have suffered the worst hack in crypto history when 500 million NEM tokens were stolen from its trading "This is the biggest theft in the history of the world," he added. No Hack. Monex Group, the Japan-based online brokerage firm that acquired Coincheck for $33. The NEM Foundation is no longer tracing NEM coins stolen from Coincheck, the hackers’ account balance now reportedly stands at zero. The license obtained from FSA will help Coincheck restore its reputation. Gox. Apple News Telegram Reddit Twitter Facebook. Hacking is a major challenge in the crypto space and many exchanges that have undergone the ordeal became defunct. Gox hack that saw hundreds of millions of dollars in Bitcoin stolen and led to the collapse of the Japan based Bitcoin exchange Crypto News Verge altcoins Amazon Bitcoin bitcoin crash bitcoin-informant boxmining circle coin trend coincheck coincheck hack Cointracking deutsch George Soros goldman sachs Jamie Simon kryptowährungen markt monex ontology ontology coin Passives-Einkommen-Blog. Legal. was the victim to hackers who broke into this exchange. ***** Links: Coinmcheck 523 Million XEM Hack Coincheck lost $530 million worth of XEM from a hack at the end of January, which resulted in the Japanese Financial Services Agency (FSA) applying a firmer hand, conducting onsite inspections at cryptocurrency exchanges in the country. Wong also said that it was one account that stole the tokens, and they will do what they can to track them down. There might be a silver lining looming for victims of the Japanese Coincheck heist. to all 260,000 customers who lost their holdings of XEM, the native token for NEM during the Coincheck hack at the end of January. Share on reddit. The exchange is now open to new registrations. Bitcoin Price Jumps on News that Hack-Victim Exchange Coincheck May Be Rescued. While the NEM Foundation could implement a hard fork, which would return all the hacked funds, they have refused to do so, reminding the public that the hack was not a problem with NEM, but with the poor security measures of Coincheck. It's been a tough year for the Japanese Cryptocurrency exchange CoinCheck. Cancel. The operator of Mt Gox, Mark Karpeles was arrested and jailed for his role in the collapse. Share on Facebook Tweet Share Email Reddit Comment. Securitas Depot Robbery, $83 million : Disguised in wigs and prosthetics, a gang did over a security depot in Britain in 2006. Let’s review the most significant breaches and then see what we’ve learned from those hacks. Coincheck Hack Another incident at the start of this year was a large scale hack on cryptocurrency exchange Coincheck Inc. demanding compensation of the full amount at the time of the hack. Gox’s in 2014 and was dubbed the ‘biggest theft in the history of the world’. USD 400 m) stolen. Gox hack, Japanese policymakers introduced new legislation, which became law in April 2017, to prevent new hacks. About a year after a Following the Coincheck hacking case in late January that cost the Tokyo-based startup ¥58 billion worth of NEM coins, the The Japanese cryptocurrency exchange, Coincheck, has confirmed that they will reimburse all users who were affected by the recent hack Coincheck, the Japanese cryptocurrency exchange platform has confirmed that they will refund all clients whose funds were recently stolen by hackers. The Japanese exchange Coincheck hack dwarfs an earlier hack on Bitcoin exchange platform Mt Gox in 2014, which saw the theft of US$480 million worth of Bitcoin. Coincheck Hacked: Coincheck, the Japanese digital currencies exchange lost assets worth £380 million in a recent cyberattack. Which was previously called as ResuPress Inc. It is a member of Japan Blockchain Association (JBA) and was actively helping to build the Japanese Bitcoin prices slide as Japan cracks down on Coincheck after hack By Barbara Kollmeyer and Sue Chang. Massive cryptocurrency heist spurs calls for more regulation in new window) Click to share on Reddit (Opens in new window) world and thus are less vulnerable to hacks. Coincheck also Coincheck hacked – 523M US$ NEM coins stolen 30/01/2018 Hackers have stolen roughly 58 billion yen ($532. Related Articles As reported by the BBC, Coincheck froze deposits and withdrawals for all crypto-currencies except Bitcoin as it assessed its losses in NEM, a lesser-known currency. There is a rumor that coincheck, the biggest crypto exchange in Japan, has lost up to 600 million USD worth of XEM in a hack. such as Reddit or Bitcointalk – and Coincheck which was once the largest cryptocurrency exchange in Japan suffered a $533 million hack in January 2018. Inside the World’s Biggest Cryptocurrency Hack—and How the Scammers Pulled it Off >>What was the Impact of the Coincheck Hack? This is the largest cryptocurrency hack, to date. The company has been hacked and lost 523 million NEM coins, worth around $500 million dollars. This latest Coincheck hack is on par with Mt. The hack is the first recorded event of this kind in 2019, and comes almost exactly a year after the massive $500,000,000 cache of Crypto (at the values of the day) was stolen from Japan's Coincheck. Coincheck has filed a report with Japanese regulators about last month’s massive hack of $530 million worth of cryptocurrency. 60 million) from Tokyo-based cryptocurrency exchange Coincheck, raising questions about security and regulatory protection in the emerging market of digital assets. The FSA changed its regulatory measures on exchanges after the Coincheck hack incidence at the According to wikipedia, Coincheck started in August 2014 and is operated by Coincheck, inc. Coincheck, one of the largest cryptocurrency exchanges in Japan, has been hacked on January the 26 th. Share. The Coincheck hack is still one of the greatest financial disasters in the crypto-industry and a mystery that remains unsolved. Reddit. The Japanese cryptocurrency exchange hacked, But the Coincheck hack was not the only problem that raised concerns among Japanese institutions. Coincheck’s press conference on Thursday. Here's how the hackers did it. Gox debacle of 2014 that claimed $400 million in Bitcoin (BTC). Hacked Japanese exchange Coincheck is getting ready to start compensating its customers next week as it plans to resume operations. Coincheck, the Japanese cryptocurrency exchange that suffered a $520 million hack in January, has reported increased losses for the third quarter of 2018. According to wikipedia, Coincheck started in August 2014 and is operated by Coincheck, inc. After the hack happened, Coincheck froze any attempted withdrawal in an attempt to get control over the size of the breach. coincheck hack reddit Japanese cryptocurrency exchange Coincheck has announced it will start compensating customers that suffered losses in its January hack starting from next week. Coincheck, the cryptocurrency exchange hacked on January the 26 th announced that it will refund the investors that lost their NEM. Nikhilesh De. NEM Official (Editors) Blocked Unblock Follow Following. All; News The Coincheck hack - resulting in the disappearance of NEM cryptocurrency worth $530 million - was one of the largest of its kind. Coincheck has a payments platform, which is a good revenue diversifier. Cryptocurrency Hack larger than Mt Gox Puts Coincheck in Danger Anjali Tyagi January 27, 2018 Altcoin News In the greatest heist of all time, somewhere between $400 million and $534 million dollars of NEM have been stolen. They stood a great chance to continue growing seamlessly if it wasn’t for this hack. Hacked Cryptocurrency Exchange Coincheck Says It Will Repay Owners $425 Million Share on Facebook Tweet Share Email Reddit South Korean cryptocurrency exchange Youbit last month shut down After last month’s hack, where $690 million worth of NEM coins were stolen, victims are launching a lawsuit against the Japanese exchange. com poloniex tobg business update verge ReddIt. Experts confirmed that all NEM (XEM) coins stolen from the largest Japanese cryptocurrency exchange, Coincheck, Coincheck experienced heavy losses when cryptocurrencies experienced the biggest gains. Some reports that English-language support is slow to respond. Recently, Koichiro Wada, who is the founder of Coincheck was accompanied by his replacement, Toshihiko Katsuya, to a press conference. Gox in terms Japanese cryptocurrency exchange Coincheck, one of the largest in the country, was the victim of a massive hack resulting in a loss of 523 mln NEM coins, worth approximately $534 mln. In the wake of the Coincheck hack, Japan Cryptocurrency Business Association and Japan Blockchain Association, representing Japan’s sixteen FSA-regulated crypto exchanges, have merged into a new self-regulatory organization, following a request by the FSA. Why Ethereum is the hottest new thing in digital currency. Back in January, the Japanese crypto exchange suffered a $533 million hack and suspended all of its activity. Users took to Reddit, It was just last month that Japan’s Coincheck Coincheck has faced investigations from Japan’s financial watchdog over the security failures that led to the hack, as well as its financial health. How did the hack happen? The Coincheck hack has brought up memories of the infamous Mt. Gox in terms Japanese crypto exchange Coincheck, which suffered a $530 million hack in January of last year, is now a licensed entity. Linkedin. ” Share Tweet Reddit Telegram. Exchanges generally try to keep a majority of customer deposits in cold wallets, which aren’t connected to the outside world and thus are less vulnerable to hacks. In January, Japanese exchange Coincheck reported that hackers made off with $530 million in virtual cash. The company’s CEO Changpeng Zhao reassured traders Wednesday that their accounts had not been compromised. Reddit No Longer Accepts Bitcoin; Twitter, Backed by Playing the Rebound: NEM Bounces Back After Coincheck Hack NEM climbed back above $1. The major hack that took place in January 2018 left many questions unanswered. by Nick Chong. Technical Discussion List of NEM wallets associated with Coincheck hack submitted 1 year ago * by Barker_McStuffington Not sure if you have heard, Coincheck was hacked. In fact, in the weeks leading up to the hack, there were “suspicious communications” between Coincheck computers and “unidentified servers,” which were almost certainly related to the hack. Japan’s financial watchdog, FSA, allowed 16 exchanges, including Coincheck, to operate while awaiting a decision on their applications. CoinCheck took only two days after the hack to promise a full return of the stolen funds on the platform totaling about ¥46 billion yen, i. Apple News Telegram Reddit After the infamous Mt. One Reddit user wrote: "WTF is happening! Binance just sold all my alts at market ‎rate and I have got just the bitcoin now. Gox hack. Crypto News Coincheck Hacked: "The Biggest Theft in the History of the World" Long Wong confirmed submitted 9 months ago * by __AHUB__ This morning, the Japanese crypto exchange platform Coincheck was hacked and had 526 million XEM (c. Mar 19, 2018. The hands of CoinCheck’s hurt customers expecting their money back after the company promised to refund 90% of the stolen funds. Coincheck Suffers Largest Crypto Hack in History, Thanks to Centralized Exchange Dylan Dedi January 26, 2018 1 min read Share on Facebook Share on Twitter Share on Telegram Share on LinkedIn . The exchange was however allowed to reinstate its crypto activities in November under a provisional license. This was hardly the first bitcoin hack in a long time. 73 million downloads of its mobile app since the Japanese cryptocurrency exchange resumed new account signups, Subsequent to its hack, Coincheck admitted that its $500 million security breach was a result of the lack of talented and experienced developers working on the platform’s security systems. CoinCheck Hacking Brings Consumer Protection To The Fore. Would you guys personally pay to have your post be upvoted to the top of a subreddit and if so, how much? thanks Hack Date: 4th January 2015 Amount Hacked: 19,000 BTC This Slovenian Bitcoin exchange startup was founded in 2011 as an alternative to Mt. Coincheck – $532 million. The exchange platform said it would return approximately 90 percent via internal funs but it is still to be announced how or when. The Coincheck hack has sent shockwaves through the world’s government and financial institutions, who have been collectively scrambling over the past several months to figure out how to appropriately regulate crypto. The Coincheck hack is now the biggest crypto hack to have occured since Mt. Facebook Twitter Google+ LinkedIn StumbleUpon Tumblr Pinterest Reddit VKontakte Odnoklassniki After this hack, Coincheck was struggling to entertain users who At a NEM-themed pub in the Shibuya entertainment district, Tokyoites took stock of the Coincheck hack - some paying for drinks in the cryptocurrency via their mobile phones. Archive. and was founded in 2012. Nearly a year after being hacked, the exchange has attained FSA licensure. Use the Coincheck Trade View in the browser to trade Bitcoin with no transaction fees. Fortune. Gox because, in 2015, it was also hacked. The Japanese crypto such as the ones listed before. com. Around 100 policemen have been appointed by the Tokyo Metropolitan Police Department to look into the matter. North Korea suspected of hatching $526m Coincheck hack. As of August 2016, the exchange had over $160 million transactions per month. BitGrail Cryptocurrency Exchange Claims $195 Million Lost to Hackers $534 million worth of a Hey BHW, just wanted to see if there would be interest in a reddit upvote bot. coincheck hack reddit. This has become the largest cryptocurrency exchange hack to date, surpassing even the Mt. Coincheck back on its feet. Show Hide image. Missed your chance in 2009? Stay on top of challenges The news means Coincheck has now resumed services for all nine cryptocurrencies available for trading at the time of January’s hack. Whether it was a simple wallet hack, fraudulent ICO or a bug in a piece of software code The Coincheck XEM hack is reminiscent of the Mt Gox hack about 4 years ago. Hence, this highlights the importance of bringing exchanges in line with money-laundering and counter-terrorism financing measures. Missed your chance in 2009? Stay on top of challenges Japanese crypto exchange Coincheck, which suffered a $530 million hack in January of last year, is now a licensed entity. By. Coincheck experienced heavy losses when cryptocurrencies experienced the biggest gains. Both exchanges are Japanese-based, both faced a preventable security breach and both lost hundreds of millions in funds. Reblog. Best Bitcoin BTC, Ethereum ETH, Ripple XRP & Altcoin Price Predictions & Signals! 01/29/18 - Coincheck pledges to pay back those affected by hack, 1 million sign up for Robinhood cryptocurrency trading, and more! On Friday, Coincheck revealed hackers had stolen more than $500 million-worth of customers' funds. As Coincheck Promises Hack Reimbursement, NEM Scrutiny Grows January 28, 2018 Japanese exchange Coincheck is now promising to reimburse NEM customers affected in the exchange’s massive January 26th hack, already easily the largest in the cryptoverse’s young history. Share on Facebook Share on Twitter Share on Reddit. “The $500M Coincheck hack had little impact on the wider ReddIt. Trade safely and securely. Japanese exchange Coincheck is now promising to reimburse NEM customers affected in the exchange’s massive January 26th hack, already easily the largest in the cryptoverse’s young history. Hacks, Scams and Attacks: Blockchain’s 2017 Disasters. Parallels can be drawn to the hack of the DAO of Ethereum, which also caused temporary damage to its reputation. David Meyer. News & Movements Breaking News Coincheck Cryptocurrency Exchange Hack: ReddIt. e. NEM community has reached out to the public and thanked them for standing by them through the hack and theft attacks earlier this year. Gox debacle. Google+. For many, the hack has only strengthened pre-existing beliefs that cryptocurrency is dangerous, volatile, and insecure. The Coincheck Hack by Numbers The magnitude of the Coincheck hack, a haul which exceeds any other, can be seen by comparing it alongside real world record-breakers. After the hack, the Japanese Financial Services Agency (FSA) ordered the company to submit a full report on the incident and how they would improve security for clients in the future. Coincheck, which has reimbursed users affected by the hack, last month reported a $490 million operating profit for the year ended March, more than six times Monex’s earnings in the same period. Hacked Crypto Exchange Coincheck May Be Licensed. WhatsApp. Dear NEM Community, Japanese exchange Coincheck has confirmed that about $533 million-worth of cryptocurrency has been stolen from its digital wallets. Coincheck is considering righting their wrong as they contemplate a refund to users who lost their precious NEM tokens. In a press conference Thursday, Coincheck CEO Koichiro Wada and COO Yusuke Otsuka said that the platform will release more details of the compensation process in the next few days. The amount Coincheck, one of the largest cryptocurrency exchanges in Japan, has been hacked on January the 26 th. The extent of the Coincheck hack was rivaled by only a few other hacks, notably the Mt. com/watch?v=51XwIA1Skao Links to sources featured in the video below: DADI ico scam warning: The Coincheck Hack. Coincheck Confirms Crypto Hack Loss Larger than Mt Gox Home After the infamous Mt. September 30, 2018. Telegram. Coincheck Recorded Profit Despite the Hack While Victims Hit with Taxes Japanese exchange Coincheck is still profitable after suffering one of the biggest hacks in cryptocurrency history. But sadly, it wasn’t much of a safe alternative to Mt. Coincheck Cons. Exchanges Coincheck has reported 1. Two-Factor Auth. Dec 29, 2017 at 00:00 UTC. Comparisons with the Mt Gox Hack. The hack was responsible for stealing 523 million NEM coins—valued at about $534 million. 73 million downloads of its mobile app since the Japanese cryptocurrency exchange resumed new account signups, Share on Reddit; Share on Pinterest Coincheck, announced today in a resumes full trading activities with the deposits and buying of these two assets after Monex Group, the Japan-based online brokerage firm that acquired Coincheck following the hack, announced Monday that the exchange has resumed depositing and purchasing services for the XRP and factom (FCT) tokens. It passed the infamous Mt. Following the hack, the digital currency exchange had to close operations, which would give room for fixing the issue. Facebook Twitter Google+ LinkedIn Reddit. The company announced that they lost 523 million NEM coins (XEM) which were worth around $500 million dollars. 13. This Japanese exchange hack exceeds the Mount Gox hack, which resulted in over $480 million stolen. Why Litecoin Will SURGE in Price This Year!: https://www. Money spent unwisely leads to money lost The Japanese hack has brought a good amount of negative media attention to Coincheck. It is unfortunate for CoinCheck to get hacked so shortly after getting a digital exchange license by Japan’s FSA in September 2017. Tweet. Coincheck has improved in governance, internal control and internal audit, aiming for full service resumption. 26, Coincheck suspended some of its functions after an event occurred around 02:57 on that date. Meet the Reddit-like social network that rewards bloggers in bitcoin. LinkedIn. The hacking attempts on cryptocurrency exchanges are increasing day by day. On Jan. Monex Group, the parent company of Coincheck, stated that the license was approved based on the exchange’s ability to show that it has implemented improved safety, governance and risk management measures, with an emphasis being put on ensuring “concrete internal controls and customer protection. CoinCheck, which was hacked a few days back and lost $523 million XEM as a result of the breach, has announced compensation to its 260,000 NEM holders. Coincheck suffered one of the largest breaches in cryptocurrency history in January 2018, with hackers stealing $530 million worth of NEM from the company. youtube. Coincheck suffered one of the After the hack, the Japanese Financial Services Agency (FSA) ordered the company to submit a full The FSA said it ordered Coincheck to submit a report on the hack and measures for preventing a recurrence by Feb. Having sustained a serious hack which cost it a total of But claims of a hack have been greeted with skepticism after suspicious moves by the exchange. Log in to to use Trade View. Digital Currencies Recover after Coincheck Hack. 5 million following the cyberattack, announced Friday that the exchange is now registered with the Kanto Financial Bureau, under the country’s Payment Service Act, effective immediately. Coincheck’s troubles began when it was hacked over 55 billion Yen thus calling for a new approach to its mode of business. Permalink: Thieves syphoned away 523 million units of the cryptocurrency NEM from Coincheck during the January 26 hack Coincheck, one of Japan’s largest crypto-exchanges is in the spotlight for losing $400M-ish worth of investors NEM tokens. Coincheck users pull US$373 million in first chance since hack Cryptocurrency exchange Coincheck's signboard is pictured in front of a building where their office is located, in Tokyo, Japan Facebook Twitter Google+ LinkedIn StumbleUpon Tumblr Pinterest Reddit VKontakte and the third on March 28 against the Coincheck. Coincheck resumed NEM trading in mid-November and has joined the Japan Network Security Association. The NEM foundation, the creator of the XEM, has traced the hacked cryptocurrency to an unidentified account. April 3, 2018. Coincheck hacked in 'world's biggest cryptocurrency theft' Updated million worth of cryptocurrency NEM from Coincheck; markets in Japan rising less than 24 hours after the hack. Coincheck Hack Update: Removal of Mosaic Tagging System. Coincheck is facing scrutiny after losing $530 million (€424 million) in a recent hack. The BitGrail hack is the second major cryptocurrency hack this year. ” The probability of Coincheck obtaining the approval from the FSA in the short-term remains significantly low, given the magnitude of the security breach and the number of investors that were affected by the hack. The news means Coincheck has now resumed services for all nine cryptocurrencies available for trading at the time of January’s hack. The hack is said to be of a large-scale. ReddIt. The site used to convert the stolen NEM to other cryptocurrencies. The hack occurred despite the fact that Japan’s FSA was already working with the exchange toward licensing and after Japanese lawmakers introduced fund settlement laws in 2017. 26 exposed flaws in new regulations allowing cryptocurrency exchanges to operate in the country. The takeover will provide welcome new capital to the exchange, which is currently attempting to refund investors most of what was taken in the hack, and also faces several lawsuits over the affair. The FSA is seeking to shore up security after the $500 million Coincheck hack on Jan. Coincheck, the Japanese crypto exchange recently hit by one of the largest and most lucrative hacks of all time, says they will refund 260,000 hacked victims. Coincheck sincerely apologizes for the inconvenience. Tumblr. In a cryptocurrency exchange hack, Coincheck, a Japanese cryptocurrency exchange has been hacked and lost $530 million in NEM tokens. Pinterest. These include, aside from the two mentioned above: bitcoin (BTC), ethereum (ETH), ethereum classic (ETC), litecoin (LTC), bitcoin cash (BCH), NEM (XEM), lisk (LSK). In a recent news conference, Coincheck founder Koichiro Wada appeared with Toshihiko Katsuya, who replaced him as the president of the exchange to assure the public that the young company has learned valuable lessons from its past. Two new cryptocurrency heists make off with over $400M worth of blockchange It is not clear if there was actually a “hack” at this Coincheck, a cryptocurrency exchange from Japan which suffered the biggest hack in the history of cryptocurrencies is undergoing a revamp. The exchange is tracking the lost currency and hope to be able to reimburse investors by up to 90% if the full amount cannot be retrieved. . Japanese Crypto Consortium Tightens Rules Following Zaif, CoinCheck Hacks. Following the Coincheck hack, Coincheck Hack Update: Removal of Mosaic Tagging System. The Coincheck hack is the latest in a series of attacks targeting digital currency exchanges. Recently, Japanese exchange announced that they were hacked to the tune of $500 million. Cybercriminals have been taking advantage of security weaknesses at young, often unregulated As per the Friday’s report of national broadcaster NHK, Coincheck lost 58 billion yen ($534 million approx) worth of cryptocurrencies , while it got hacked. Click to share on Reddit (Opens in new window) Coinstelegram – Altcoins Exchanges Coincheck has reported 1. After last month’s hack, where $690 million worth of NEM coins were stolen, victims are launching a lawsuit against the Japanese exchange. Almost a year after being hacked and losing 58-billion-yen worth of NEM, Japanese digital currency exchange Coincheck has just passed a significant obstacle in its way. Coincheck was founded in 2012, it is one of the most important cryptocurrency exchange in Asia. Watch the Coincheck 500m hack interview with Jeff McDonald, NEM Vice president:. Coincheck also lacked multi Coincheck, the Japanese crypto exchange recently hit by one of the largest and most lucrative hacks of all time, says they will refund 260,000 hacked victims. The Coincheck Hack. Agence France-Presse, 15 February 2018. Japan's Crypto Exchange Coincheck Sued After Hack. Beginning of this year, in Tokyo, Coincheck Inc. Published: Jan 29, 2018 5:33 p. The Japanese government has been trying to regulate the cryptocurrency exchanges since 2017. Share on Facebook Tweet Share Share Email Reddit. Coincheck Hacked, Wallets Frozen, Exchanges on Alert Japanese-based cryptocurrency exchange Coincheck has confirmed a hacker broke through its security today and stole hundreds of millions of dollars worth of crypto. The digital currency platform was hacked on January 26, 2017. Dear NEM Community, Coincheck, Japan’s most prolific cryptocurrency exchange has been hacked. Coincheck’s hack was more severe, but they are slowly returning operations back to normal. The hacking rumors first surfaced on Reddit and Twitter. The difference is that the Coincheck XEM hack will not have the implications that the Mt Gox BTC hack had, because at the time, Mt Gox handled about Share Tweet Linkedin Pin Google+ Reddit Print Purchase Article. But it's not been confirmed officially yet so be warned about FUD and Japanese cryptocurrency exchange Coincheck, one of the largest in the country, was the victim of a massive hack resulting in a loss of 523 mln NEM coins, worth approximately $534 mln. ~$420 million USD